Approximately 0.2 percent of Russian adults, or 311.9 thousand residents, owned over one million U.S. dollars, or were referred to as high-net-worth individuals (HNWIs). In 2021, the total wealth of the adult population in the country reached nearly 3.8 trillion U.S. dollars.
The good news is that the typical Russian citizen was 1.8 times wealthier in 2017 than in 2000, with accumulated wealth of about 9 million rubles (or approximately US$ 153,000).
The wider upper class was made up of landowning nobles, wealthy merchants and high ranking members of the Orthodox Church, civil service and military. They made up approximately 12% of the population.
As of 2021, 2,500 USD (about 190,000 Rubles) is more than enough to live comfortably everywhere in Russia, although in Moscow you will spend much more renting an apartment. Most working people in Russia (not in Moscow or St. Petersburg) earn in the range of about 20,000-40,000 Rubles per month.
Australia had over 176 thousand millionaires in 2020, an increase in the number of millionaires from the previous year. This was estimated to grow to over 215 thousand millionaires in the country by 2025.
Russia Annual Household Income per Capita reached 6,523.466 USD in Dec 2021, compared with the previous value of 6,031.162 USD in Dec 2020. Russia Annual Household Income per Capita data is updated yearly, available from Dec 1992 to Dec 2021, with an averaged value of 5,002.479 USD.
Summary about cost of living in Moscow, Russia: Family of four estimated monthly costs are 2,444.7$ (170,598.3руб) without rent. A single person estimated monthly costs are 683.6$ (47,705.1руб) without rent.
The OECD defines a member of the middle class as someone whose annual income is within the 75–200 % range around the national median income. For Russia, that range is 26,000–70,000 rubles (370–1000 euros) a month.
The Federation Council is the upper house of parliament representing the interests of regions at the federal level and reflecting the federative nature of the Russian state. The Federal Assembly's bicameral structure is deeply rooted in Russian history and worldwide parliamentary traditions.
Over 74.5 million Russians aged 20 years and above, or approximately two thirds of the total adult population of the country, had wealth under 10 thousand U.S. dollars in 2021. To compare, on average around the globe, the share of residents belonging to this wealth range was measured at 53 percent in the same year.
In the third quarter of 2022, 10.5 percent of the resident population of Russia lived under the poverty line. The share of Russians earning less than the subsistence minimum was slightly lower than in the corresponding quarter of 2021, when it reached 11 percent.
Expats in Russia will find the cost of living to be reasonable. In Mercer's Cost of Living survey for 2021, Moscow was ranked 62nd out of 209 cities, while St Petersburg was ranked 119th. Although Russia cannot be regarded as a cheap country to live in, as a whole, it is more affordable than many western countries.
Home Ownership Rate in Russia averaged 83.94 percent from 2000 until 2021, reaching an all time high of 92.50 percent in 2020 and a record low of 58.20 percent in 2000.
Rental costs in Russia
According to Numbeo, a one-bedroom flat in the center of Moscow costs 50,000 p. to 100,000 p. Meanwhile, outside the city center, prices are, on average, 40,000 p. For a three-bedroom apartment in Moscow city center, you can expect to pay about 145,000 or 75,000 on the outskirts.
Since 1996, Russia's constitution has provided citizens and residents with the right to free healthcare. This is provided by the state through the Federal Compulsory Medical Insurance Fund (also called the OMI or Obligatory Medical Insurance). It is funded through payroll and employer contributions.
Individual in Australia. We see HNW individuals and families as those with $5,000,000+ in total financial assets.
On a mean wealth basis, Australia was the fourth-richest country in 2021 behind Switzerland, the US and Hong Kong. The average Australian adult was worth $US550,110 at the end of last year, after enjoying a $US66,350 annual increase in wealth.
The population of ultra-high-net-worth individuals (UHNWI), those with a net worth of US$30 million or more, continues to grow in Australia and around the world with lifestyle shifts and pandemic restrictions leading to an increase in wealth that has not been seen for years.
In 2021, the average nominal salary in Russia was measured at approximately 56.5 thousand Russian rubles per month, marking an increase by around 5.2 thousand Russian rubles compared to the previous year.